隆平高科(000998) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥806,511,539.65, representing a 9.05% increase compared to ¥739,552,796.62 in the same period last year[4] - The net profit attributable to shareholders for Q1 2020 was ¥23,958,948.68, a decrease of 82.17% from ¥134,388,219.68 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,136,412.40, down 55.84% from ¥95,421,220.35 year-on-year[4] - Basic and diluted earnings per share for Q1 2020 were both ¥0.0185, down 81.86% from ¥0.1020 in the previous year[4] - The company reported a net profit of CNY 2,170,122,254.34, up from CNY 2,149,847,677.32, indicating a growth of approximately 0.9%[20] - Net profit for Q1 2020 was CNY 41,123,737.10, a decrease of 72.8% from CNY 151,308,851.81 in Q1 2019[25] - The company reported a total comprehensive income of CNY 32,466,752.35 for Q1 2020, compared to CNY 149,415,257.60 in Q1 2019[26] - The company reported a decrease in undistributed profits to CNY -472,827,095.83 from CNY -336,875,647.52 in the previous year, indicating challenges in profitability[23] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥173,539,303.47, a 70.66% increase compared to -¥591,446,550.80 in the same period last year[4] - The company's cash and cash equivalents decreased to ¥1,395,128,719.02 from ¥1,862,394,329.39, reflecting a decline in liquidity[17] - Cash inflow from operating activities totaled 506,313,323.83 CNY, up from 353,676,624.35 CNY in the previous year[30] - Cash outflow from operating activities was 679,852,627.30 CNY, down from 945,123,175.15 CNY year-over-year[31] - The company reported cash flow from investing activities with a net outflow of -153,487,670.05 CNY, compared to -95,224,491.62 CNY in the previous year[31] - Cash flow from financing activities resulted in a net outflow of -138,687,164.21 CNY, contrasting with a net inflow of 324,595,515.75 CNY in the same quarter last year[32] - The ending cash and cash equivalents balance was 1,359,945,843.87 CNY, down from 1,601,476,794.45 CNY at the end of the previous year[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,154,617,886.63, a decrease of 2.20% from ¥15,495,392,127.64 at the end of the previous year[4] - Total current assets decreased to ¥6,817,245,613.65 from ¥7,140,765,953.57, showing a decline in overall asset liquidity[17] - Current liabilities decreased from CNY 8,143,487,586.26 to CNY 7,799,584,118.11, a reduction of about 4.2%[19] - The company's total liabilities decreased to CNY 7,289,795,371.15 from CNY 7,382,231,230.24 year-over-year[23] - The total equity of the company as of Q1 2020 was CNY 5,574,440,100.49, down from CNY 5,721,051,145.55 in the previous year[23] - The total assets decreased from CNY 15,495,392,127.64 to CNY 15,154,617,886.63, a decline of approximately 2.2%[18] - The company’s long-term equity investments decreased from CNY 8,907,629,053.07 to CNY 8,880,036,707.11, a decline of about 0.3%[22] Expenses and Costs - Total operating costs for Q1 2020 were CNY 745,542,724.23, up from CNY 546,521,748.76, reflecting a significant increase in operating expenses[24] - Financial expenses surged by 1,366.82% to ¥119,692,000 from a negative ¥944,800 due to foreign exchange losses from dollar loans[12] - Financial expenses for Q1 2020 were CNY 119,692,041.54, a significant increase from a negative CNY 9,448,183.19 in Q1 2019, primarily due to higher interest expenses[24] - Research and development expenses increased to CNY 15,555,555.45 in Q1 2020, compared to CNY 13,351,196.81 in the same period last year, indicating a focus on innovation[24] Shareholder Information - The top shareholder, CITIC Agricultural Technology Co., Ltd., held 16.54% of the shares, amounting to 217,815,722 shares[8] - The total number of ordinary shareholders at the end of the reporting period was 91,803[8] - The net assets attributable to shareholders at the end of the reporting period were ¥6,188,412,346.55, a slight increase of 0.19% from ¥6,176,787,332.36 at the end of the previous year[4] Other Information - The company did not engage in any securities investments or derivative investments during the reporting period[14] - The company executed new revenue and leasing standards starting from 2020, impacting the financial statements[35] - The report indicates the implementation of new revenue and lease standards starting in 2020, with no retrospective adjustments made[40] - The company has not undergone an audit for the first quarter report[40]